Oakley Regulatory News (OCI)

10 Oct 2007 07:01

Oakley Capital Investments Limited10 October 2007 10 October 2007 OAKLEY CAPITAL INVESTMENTS LIMITED First closing of Limited Partnership The Board of Oakley Capital Investments Limited (the "Company"), the AIM tradedinvestment company established to provide investors with exposure to theinvestment strategy being pursued principally by Oakley Capital Private EquityL.P. (the "Limited Partnership"), is pleased to note the successful firstclosing of the Limited Partnership. The Company has committed Euro 140 millionto the First Closing. --oo-- For further information please contact: Oakley Capital Limited 020 7766 6900Peter Dubens (Director)David Boyd (Investor Relations) Collins Stewart 020 7523 8325Hugh FieldJonny Sloan Financial Dynamics 020 7831 3113 Juliet ClarkeEdward BridgesHannah Sloane Notes to Editors The Company has been set up to invest primarily in Oakley Capital Private EquityL.P. (the "Limited Partnership"), a private equity fund established by a team ofexperienced investment professionals led by Peter Dubens, executive chairman ofPipex Communications plc and former chairman of 365 Media Group plc. The Limited Partnership will invest primarily in mid-market buy-outs in the UKand Europe. It will seek to acquire controlling positions in companies withscope for performance improvement, and in industries with strong underlyinggrowth drivers and the potential for consolidation. The Limited Partnershipwill utilise the investment advisory team's proven ability to self-sourcetransactions and actively manage portfolio companies to improve operationalperformance. The Limited Partnership will target equity transactions in therange of €30 to €140 million and will seek to deliver gross IRR on itsinvestments in excess of 25% per annum and a blended gross multiple of threetimes. This information is provided by RNS The company news service from the London Stock Exchange